ITE - Italtile - Trading statement for the financial year ended 30 June 2009

ITE - Italtile - Trading statement for the financial year ended 30 June 2009    
Italtile Limited                                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1955/000558/06)                                            
ISIN:  ZAE000099123 Share code:  ITE                                            
("Italtile" or "the Group")                                                     
TRADING STATEMENT FOR THE FINANCIAL YEAR ENDED 30 JUNE 2009                     
Shareholders are advised that Earnings Per Share for the twelve months ended 30 
June 2009 are expected to be between 5% and 10% lower than the comparative      
period to 30 June 2008.                                                         
The impact of the global economic downturn on consumer demand has been dramatic 
and sustained.  Locally, reduced consumer discretionary spend has hampered the  
sector`s performance and negatively affected the Group`s results.  Whilst       
interest rates have declined steadily, the positive impact on consumer spending 
is unlikely to filter through for several months.  In this challenging          
environment, the Group was fortunate to have benefited from strategic alliances 
with local suppliers and from its position as the leading value player with well
established brands.                                                             
Trading conditions are anticipated to remain difficult.  The Group`s continued  
strategic imperative will be on entrenching its market leadership position and  
capitalising on opportunities as the economy recovers.                          
Shareholders are advised that the above information has not been reviewed or    
reported on by Italtile`s external auditors.                                    
The Group`s results for the year ended 30 June 2009 are expected to be published
on SENS on or about 11 August 2009.                                             
Johannesburg                                                                    
27 July 2009                                                                    
Sponsor                                                                         
Barnard Jacobs Mellet Corporate Finance (Pty) Limited                           
Date: 27/07/2009 08:00:01 Supplied by www.sharenet.co.za                     
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